Calculation of profit

Calculation of profit

11th Grade

8 Qs

quiz-placeholder

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Calculation of profit

Calculation of profit

Assessment

Quiz

Other

11th Grade

Medium

Created by

Jaccy Lai

Used 14+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business earns $45 000 from sales and has expenses of $23 500 for the same period

Earns profit of $20 500

Faces loss of $20 500

Faces loss of $21 500

Earns profit of $21 500

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business sells goods for $109 000. It has expenses of $67 250.

Profit of $41 750

Profit of $86 250

Faces loss of $ 41750

Faces loss of $86 250

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business sells 18000 units for $5 each. Total expenses for period are $54 000.

Loss of $36 000

Profits of $252 000

Profits of $49 000

Profits of $36 000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales revenue for a business is $28 000. Total expenses for same period are $47 500.

Loss of $19 500

Loss of $ 5 000

Profits of $19 500

Profits of $5 000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business sells output for $11 for each unit. It sells 5500 units. Total expenses are $85 000.

Profit of $24 500

Loss of $30 000

Loss of $24 500

Profit of $30 000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business sells 18 800 units for $10.75 each. Total costs are $97 500

Profits of $104 600

Profit of $202 100

Loss of $104 600

Loss of $202 100

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenue for a business is $112 500. Total expenses for the same period are $76 000

Loss of $36 500

Profit of $36 500

Loss of $36 000

Profit of $36 000

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business sells output for $8.50 for each unit. It sells 24 000 units. Total expenses are $125 000.

Profit of $104 600

Loss of $104 600

Profit of $79 000

Loss of $79 000